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LIC Housing Finance share price chart and Bombay stock exchange stock tips - Stock has formed double bottom pattern - updated for 28th December 2015, Monday



Stock has formed double bottom pattern in daily chart, sharp movement can be seen once stock comes out from its pattern.

Chart also indicates that it is witnessing selling pressure from previous top @ 493.50, as long as it holds below bears will be favored and further price rise can be seen once stock close and holds above its previous top @ 493.50.

So far MACD indicator is moving in +ve zone this will favor bulls but stochastic has turned -ve so stock major trend indicator are showing mix signals.

Suggested reading - Click below to read article on Bombay stock exchange.

On December 24 2015, Thursday LIC Housing Finance share price closed at 485.95.

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